MCX GOLD Forecast for 12-16 August 2024: Key Levels and Trading Strategy

By | August 11, 2024 12:09 pm

Gold prices hold steady above $2460/oz after their biggest one-day increase in three weeks, buoyed by US jobless claims data that eased fears of a severe economic downturn

MCX GOLD Gann Angle Chart

Gold has heading towards its 3×4 Gann Angle resistance @71500

MCX GOLD Supply Demand Zone

MCX GOLD  Supply Demand Chart : Demand in range of  68144-68000, Supply in range of 70000-70225

MCX GOLD Harmonic Analysis

Till 67400 is held price is heading towards 72000.

GOLD Astro/Gann Trend Change Date

13 August Important Gann/Astro Date for Trend Change

Weekly Trend Change Level:70021

Weekly Resistance:70551,71083,71617,72154,72692

Weekly Support: 69492,68966,68442,67920,67400

Levels Mentioned are for Current Month Future

Wishing you good health and trading success as always.As always, prioritize your health and trade with caution.

As always, it’s essential to closely monitor market movements and make informed decisions based on a well-thought-out trading plan and risk management strategy. Market conditions can change rapidly, and it’s crucial to be adaptable and cautious in your approach.

Trade smartly and safely.

Category: Gold Gann Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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